Creating Silicon Valley in Europe: Public Policy Towards New Technology Industries

Hardcover | August 5, 2007

bySteven Casper

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Through the 1990s and early 2000s the strength of the United States economy has been linked to its ability to foster large numbers of small innovative technology companies, a few of which have grown to dominate new industries, such as Microsoft, Genentech, or Google. US technology clusterssuch as Silicon Valley have become tremendous engines of innovation and wealth creation, and the envy of governments around the world. Creating Silicon Valley in Europe examines trajectories by which new technology industries emerge and become sustainable across different types of economies.Governments around the world have poured vast sums of money into policies designed to foster clusters of similar start-up firms in their economies. This book employs careful empirical studies of the biotechnology and software industries in the United States and several European economies, to examinethe relative success of policies aimed at cultivating the 'Silicon Valley model' of organizing and financing companies in Europe. Influential research associated with the 'varieties of capitalism' literature has argued that countries with liberal market orientations, such as the United States and the United Kingdom, can more easily design policies to cultivate success in new technology industries compared to countriesassociated with organized economies, such as Germany and Sweden. The book's empirical findings support the view that national institutional factors strongly condition the success of new technology policies. However, the study also identifies important cases in which radically innovative newtechnology firms have thrived within organized economies. Through examining case of both success and failure Creating Silicon Valley in Europe helps identify constellations of market and governmental activities that can lead to the emergence of sustainable clusters of new technology firms acrossboth organized and liberal market economies.

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Through the 1990s and early 2000s the strength of the United States economy has been linked to its ability to foster large numbers of small innovative technology companies, a few of which have grown to dominate new industries, such as Microsoft, Genentech, or Google. US technology clusterssuch as Silicon Valley have become tremendous e...

Steven Casper is an Assistant Professor on the management faculty of the Keck Graduate Institute of Applied Life Sciences, a newly founded professional school aimed at training leading scientists and managers for the biotechnology industry. He was previously a University Lecturer in Innovation and Entrepreneurship at the Judge Institu...
Format:HardcoverDimensions:230 pages, 9.21 × 6.14 × 0.75 inPublished:August 5, 2007Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199269521

ISBN - 13:9780199269525

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Table of Contents

1. Introduction2. Institutional Frameworks and Silicon Valley Model3. How an American Technology Cluster Emerged and Became Sustainable: San Diego Biotechnology4. The New Economy in Germany: The Limits of Planned Innovation5. The United Kingdom: The Right Institutions but Mixed Results6. Large Firms as Drivers of Cluster Formation: Patterns of Sub-Sector Specialization within European Software7. Conclusion